Retail For Lease — 1011 1st Avenue, New York, NY 10022
Asking rent: $25,000/month
Size: 1,196 SF
Use: Retail
Neighborhood: Sutton / Midtown East
Rent/SF: approximately $250.84/SF/year
Annual base rent: $300,000
This is a 1,196-SF retail opportunity at 1011 1st Avenue, asking $25,000 per month. At approximately $250.84/SF/year, the asking basis is premium and reflects the property’s Midtown East location and access to a dense mix of residential, office, hospitality, and neighborhood traffic.
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Financial
- Monthly rent: $25,000
- Annual rent: $300,000
- Rent per SF/month: approximately $20.90
- Rent per SF/year: approximately $250.84
- Approximate monthly cost per 1,000 SF: $20,903
- Lease length: To be confirmed / negotiable
- Additional charges: To be confirmed
The location is a major strength. First Avenue in the East 50s benefits from a strong residential customer base together with nearby office workers, hotels, medical users, restaurants, and daily-service businesses. The location can work especially well for businesses that depend on repeat neighborhood traffic rather than destination-only shopping.
Overall, 1011 1st Avenue is a well-located but premium-priced Midtown East retail opportunity. Its strongest attributes are the First Avenue frontage, dense surrounding population, useful 1,196-SF size, and suitability for neighborhood-oriented retail or service uses. At approximately $251/SF/year, the space is most compelling if it offers excellent frontage, an efficient layout, and infrastructure that reduces the tenant’s buildout costs.
